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19

Nigeria Eyes Deeper Middle East Collaboration Amid Rising Forex Reserves

 Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has called for stronger economic cooperation between Nigeria and the Middle East. Cardoso made this call while attending the inaugural "Emerging Markets Economies Conference" in Saudi Arabia. He held discussions with Talal Al-Humond of the Saudi Central Bank to explore mutual...

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фев
18

Togo’s Ruling Party Sweeps Upper House Election Following Opposition Boycott

 President Faure Gnassingbé's Union for the Republic, Togo's ruling party, has secured 34 out of 41 seats in the country's newly formed Senate, per provisional results. The election, which took place on Saturday, saw municipal and regional councilors vote for 41 members of the 61-seat chamber. Gnassingbé will appoint the remaining 20 seats as ...

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16

Africa to Launch Own Credit Rating Agency to Improve Assessments

 In a significant step towards reshaping the continent's financial future, Africa is set to launch its own credit rating agency, the Africa Credit Rating Agency (AfCRA), in June 2025. This groundbreaking initiative is being established to combat perceived biases in global credit ratings, which many African leaders argue have consistently under...

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фев
15

China Expands African Space Alliances as US Interest in Continent Wanes

 On the outskirts of Cairo, Egypt's new satellite lab—initially celebrated as Africa's first homegrown facility—now reveals a significant Chinese presence. Although touted as a milestone in local satellite production, most equipment and components are imported from Beijing, with Chinese scientists guiding assembly and training Egyptian enginee...

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фев
15

Zimbabwe Commits $40 Million to $146 Million Farmer Compensation Plan

 Zimbabwe's government has announced plans to compensate 94 foreign white farmers affected by its controversial early-2000s land reforms. Finance Minister Mthuli Ncube confirmed that the government will pay the farmers $20 million from the 2024 budget and an additional $20 million from the 2025 budget. These farmers are protected under Bilater...

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фев
13

African States Look to EU for Support Amid Trump’s Drastic Aid Cuts

 President Trump's executive orders to withdraw from the WHO and shut down USAID are forcing African nations to reconsider their traditional aid partners. With the US drastically reducing its financial contributions to global health, climate, and development, Africa now faces a significant funding gap amid worsening climate impacts and health ...

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фев
13

Egypt Tells Rubio: Arab States Reject Trump’s Plan to Displace Gaza’s Palestinians

 Egyptian Foreign Minister Badr Abdelatty has communicated the Arab states' unequivocal rejection of President Donald Trump's plan for Palestinians to the US Secretary of State Marco Rubio. Trump has, in recent times, suggested that Palestinians be relocated from Gaza to neighboring Egypt and Jordan with no right of return.  Trump's plan ...

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фев
11

Dangote Refinery Set to Reach Full Capacity in 30 Days

 The Dangote Oil Refinery, the largest in Africa, is expected to achieve full capacity operation within 30 days, according to the refinery's vice president, Edwin Devakumar. The facility began operations in January of last year and currently operates at 85% capacity. Initially, the refinery processed diesel, naphtha, and jet fuel, but it expan...

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фев
11

Sam Nujoma Namibia's First President Dies at 95

 Samuel Nujoma, a pivotal figure in Namibia's struggle for independence, has passed away at the age of 95. As a freedom fighter, Nujoma was instrumental in the liberation of Namibia from South African occupation. As the founding leader of SWAPO, he worked tirelessly to unite Namibians and bring international attention to the fight against apar...

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фев
07

Bright Red River Outside Buenos Aires Sparks Fears of Pollution

The Sarandi River, flowing through poverty-stricken and industrial areas, has become a source of concern due to its alarming transformation. These regions house several factories that operate hazardous waste incinerators, raising fears of possible contamination.  Local resident Maria Ducomls recounted waking up to an overpowering smell of smok...

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фев
06

Trump’s WHO Withdrawal Endangers Africa’s Health Programs and Global Stability

 President Trump's decision to withdraw the US from the World Health Organization—and the accompanying pause in funding—is expected to have profound consequences for health in Africa. Washington is the WHO's largest donor, providing about 18% of the organization's budget. Consequently, the loss of US funds threatens critical health programs, i...

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фев
05

Egypt and Palestine reject Trump's plan to relocate Palestinians

 Palestine and Egypt have both rejected President Trump's proposal that the displaced Palestinians in Gaza be permanently resettled outside the war-torn territory. While visiting Cairo, top Palestinian officials together with Egypt's foreign minister swiftly rejected and denounced on Wednesday the US proposal that also seeks to take "ownership...

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фев
04

Henna ceremony in Morocco celebrates this age-old tradition

 Henna is an expression of joy. And with a child on the way, Hajar, a young Moroccan woman, has much to be joyful about. She has had her hands and feet covered in a henna design, honouring her heritage through this age-old tradition. The dye has been used for body art since ancient Egypt, and in December last year, was added to UNESCO's Intang...

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фев
03

Nigeria's Tems wins African Music Performance Grammy

 It was a first for Nigeria at the much-awaited 67th Grammy Awards ceremony in fire-ravaged Los Angeles on Sunday night. Singer Tems, became the second-ever winner of the African Music Performance Award for her Afrobeats hit, Love me JeJe, from her debut album, "Born in the Wild". The Nigerian recording artist said she felt "blessed". "As much...

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фев
02

Cheaper Chinese AI Sparks Hope for Africa’s Economic and Social Growth

 The unveiling of DeepSeek's new AI model has generated significant excitement across Africa, offering a glimmer of hope for economic and social development throughout the continent. Unlike its American counterpart, the U.S.-based ChatGPT, DeepSeek's "R1" model is notably more affordable, having been developed with a training cost of just $6 m...

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янв
31

France hands over last army base in Chad

 Two months after Chad severed its defence agreement with Paris, the French army has handed over its last military base in the country, the Kossei base, in N'Djamena. Though it was Chad who announced the end of the defence pact, the head of the French Armed Forces' Africa Command stated that the handover was partly France's decision. Pascal Ia...

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янв
30

Egypt and Kenya bolster ties; sign agreements

 After arriving in Cairo, President William Ruto signed twelve significant agreements with his Egyptian counterpart. These agreements are designed to enhance cooperation in various sectors, including trade, investment, education, and technology exchanges between the two nations. Discussing Regional ConcernsDuring their discussions, the two lea...

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янв
29

Africa Pledges $35 Billion for Unprecedented Electrification Drive

 In a landmark initiative, African leaders and global financiers gathered in Dar es Salaam, Tanzania, to pledge an impressive $35 billion towards electrification, marking the largest investment in Africa's electric power generation to date. This effort, supported by the World Bank and the African Development Bank, aims to electrify 300 million...

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янв
27

Niger, Burkina Faso, Mali to Deploy Joint Force to Combat Security Threats

 West Africa's junta-led nations – Niger, Burkina Faso, and Mali – have announced plans to deploy a 5,000-strong joint force aimed at addressing the escalating security challenges in the central Sahel region. This development marks a significant step towards regional cooperation in combating persistent threats posed by Islamist insurgencies. N...

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янв
27

VP Shettima Promotes Nigeria’s Investment Potential at WEF 2025

 Kashim Shettima, the Vice President of Nigeria, has issued a compelling invitation to global investors, urging them to explore Nigeria's vast and growing investment opportunities. Speaking at the prestigious "Roadmap to Co-create Investment Opportunities for Africa's Frontier Markets" forum during the 2025 World Economic Forum (WEF) in Davos,...

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